INVESTMENTS
PENNY STOCKS IN INDIAN STOCK MARKET
HISTORY
In the seventeenth century, the Japanese started trading rice using technical analysis. Many of the guiding ideas of this early kind of technical analysis were extremely similar to the US version started by Charles Dow about 1900, notwithstanding the differences:
FORMATION OF CANDLESTICK
In order to create a candlestick chart, you must have a data set that contains open, high, low and close values for each time period you want to display. The hollow or filled portion of the candlestick is called “the body” (also referred to as “the real body”). The long thin lines above and below the body represent the high/low range and are called “shadows” (also referred to as “wicks” and “tails”). The high is marked by the top of the upper shadow and the low by the bottom of the lower shadow. If the stock closes higher than its opening price, a hollow candlestick is drawn with the bottom of the body representing the opening price and the top of the body representing the closing price. If the stock closes lower than its opening price, a filled candlestick is drawn with the top of the body representing the opening price and the bottom of the body representing the closing price.
What is Penny Stocks?
Penny stocks are a common investing option in India. These are comparatively inexpensive stocks. Even if they are not as liquid as bigger businesses, they may still be exchanged on the stock market and make money if they are sold for a greater price.
Although penny stocks are frequently used for extremely speculative purposes, traders can also utilize them to make profitable investments. But keep in mind that these assets typically have little liquidity, so they might not be appropriate for all investors.
BEST PENNY STOCKS TO BUY IN INDIA
Vodafone Idea Ltd
Vodafone Idea Limited is a joint venture between the Vodafone Group and the Aditya Birla Group. It is the top telecom service provider in India. The company offers voice adata services throughout India on 2G, 3G, and 4G networks.
ALOK INDUSTRIES
Alok Industries Ltd., incorporated in the year 1993, is a Small Cap company (having a market cap of Rs 13,728.89 Crore) operating in Textiles sector. Alok Industries Ltd. key Products/Revenue Segments include Textile Fabrics, Export Incentives, Job Work and Scrap
RAIL VIKAS NIGAM LIMITED
Rail Vikas Nigam Limited (RVNL) was incorporated as a Public Sector Undertaking for the mandate to: Undertake and execute successfully the project development, financing and implementation of projects related to rail infrastructure.
JAMMU & KASHMIS BANK LIMITED
Jammu & Kashmir Bank Limited (J&K Bank) is an Indian private sector bank headquartered in Srinagar, Jammu and Kashmir. J&K Bank was incorporated on October 1, 1938, by the then ruler of the princely state of Jammu and Kashmir Maharaja Hari Singh with an initial paid up capital of ₹5.00 Lakh.
RELIANCE POWER
Reliance Power, formerly known as Reliance Energy Generation Ltd, is a part of the Reliance Anil Dhirubhai Ambani Group. As of September 2023, promoters held 24.49 per cent stake in the company. Turnover on the counter could be seen at Rs 187.97 crore.
YES BANK
Yes Bank is an Indian bank headquartered in Mumbai, India and was founded by Rana Kapoor and Ashok Kapoor in 2004
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